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ViacomCBS to launch Paramount+ streaming service for $9.99 a month

The media giant unveiled plans for its upcoming streaming service at a virtual investor event Wednesday, detailing that the service will offer consumers more than 30,000 episodes of TV shows, including 36 original series that are slated to debut this year.

The service will also stream more than 2500 movies, as well as live sports and news. Paramount+ will have over 1000 live sporting events per year, including the PGA Tour, March Madness, the NFL, UEFA soccer matches, U.S. Women's Soccer and more.

Paramount+ will launch on March 4, and effectively become the successor to the company's existing CBS All Access service. The company also plans to launch an ad-supported version of Paramount+ for $4.99 in June that will feature a smaller content bundle.

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